Stock Analysis on Net

Chipotle Mexican Grill Inc. (NYSE:CMG)

$24.99

Current Ratio
since 2005

Microsoft Excel

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Calculation

Chipotle Mexican Grill Inc., current ratio, long-term trends, calculation

Microsoft Excel

Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

1 US$ in thousands


The current ratio exhibited significant fluctuation over the analyzed period, spanning from 2005 to 2025. Initially, the ratio was quite low, but experienced a substantial increase before stabilizing and then declining again in more recent years.

Early Growth & Stability (2005-2010)
From 2005 to 2010, the current ratio demonstrated a clear upward trend. Starting at 0.42 in 2005, it rose dramatically to 2.92 in 2006, then fluctuated between 2.75 and 3.30 for the remainder of the period. This indicates a strengthening of the short-term liquidity position, with current assets growing at a faster rate than current liabilities.
Mid-Period Fluctuations (2011-2015)
The period between 2011 and 2015 saw continued, though less pronounced, fluctuations. The ratio remained above 2.90 until 2015, when it decreased to 2.91. While still indicating a healthy liquidity position, the slight decline suggests a potential shift in the balance between short-term assets and liabilities.
Recent Decline (2016-2025)
From 2016 onwards, a consistent downward trend in the current ratio is observed. The ratio fell to 1.85 in 2016 and continued to decrease, reaching 1.23 in 2025. This suggests a weakening of the company’s ability to cover its short-term obligations with its current assets. The ratio dipped below 1.60 in 2018 and has remained below that level since.
Magnitude of Change
The largest single-year decrease occurred between 2015 and 2016, with a drop of 1.06. The most recent years show a more gradual decline, but the overall trend remains negative. The ratio’s movement from a high of 3.30 in 2010 to a low of 1.23 in 2025 represents a substantial change in the company’s liquidity profile.

Overall, the analysis reveals a transition from a strong liquidity position to a more constrained one. While the initial years demonstrate a robust ability to meet short-term obligations, the more recent trend suggests increasing pressure on liquidity and a potential need for attention to working capital management.


Comparison to Competitors

Chipotle Mexican Grill Inc., current ratio, long-term trends, comparison to competitors

Microsoft Excel

Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).


Comparison to Sector (Consumer Services)

Chipotle Mexican Grill Inc., current ratio, long-term trends, comparison to sector (consumer services)

Microsoft Excel

Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).


Comparison to Industry (Consumer Discretionary)

Chipotle Mexican Grill Inc., current ratio, long-term trends, comparison to industry (consumer discretionary)

Microsoft Excel

Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).